Mastering Money 10/19/18
Is it possible to average an 8% return on your investments in retirement, withdrawing only 5% per year, and still run out of money in 20 to 22 years? It’s not only possible, it happens more often than you think! In fact, a study by prominent CPA firm Ernst and Young reveals that due to low interest rates and high markets, today’s affluent retirees are more at risk than ever of running out of money–or at the very least seeing a decline in lifestyle –even starting with a million dollars, two million dollars or more! The key culprit is known as SEE-quence Risk. Today, Steve will demonstrate how easily it can happen with a few bad markets, and precisely how to avoid it. MASTERING MONEY is on the air!